The U.S.Department of Commerce has been developing so called "green accounting" to
A)focus attention to the money side of GDP
B)reflect the impact of pollution and natural resource depletion
C)properly value the output of very new firms
D)illustrate the difference between GDP and real GDP
E)measure the value of the output produced by inexperienced workers

Question

Quizplus · Accepted Answer

Green accounting is a method of incorporating the impact of pollution and natural resource depletion into traditional accounting practices, thus reflecting the true cost of economic growth. This approach acknowledges the importance of sustainable development and environmental protection in economic decision-making. It does not focus solely on the money side of GDP (option A), nor does it measure the value of output produced by inexperienced workers (option E). Option C is not related to the concept of green accounting, and option D is a separate concept that seeks to adjust GDP for inflation.

The USDepartment of Commerce Has Been Developing So Called "Green Accounting